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    301 San Mateo Blvd Albuquerque, NM 87108

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    206,278 SF Vacant Walmart

    Property size:
    206,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 206,278 square foot former Walmart Supercenter presents a unique redevelopment or owner-user opportunity in Albuquerque, New Mexico. Situated on a 17.6-acre lot at 301 San Mateo Blvd SE, 87108, this single-story, 1994-built building offers significant cost savings compared to new construction. The property benefits from its location in a densely populated, in-fill area, boasting high traffic counts and visibility from a major arterial. Its strategic placement near the University of New Mexico campus, Albuquerque International Airport, and two major medical facilities ensures a robust customer base. The MX-M (Mixed-Use - Moderate Intensity Zone District) zoning allows for diverse redevelopment options. This rare large-format retail space is surrounded by numerous local businesses and restaurants, further enhancing its appeal. The property's proximity to Kirtland Air Force Base and the Albuquerque International Sunport adds to its strategic advantages. Vacant since May 1, 2023, this property is ready for immediate action. Don't miss this chance to acquire a prime retail asset in a thriving Albuquerque location.

    Property Features for 301 San Mateo Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    206,278 SF
    Lot Size
    766,656 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • Rare 206,278 SF former Walmart Supercenter available for redevelopment or owner‑user occupancy.
    • 17.6‑acre site in a densely populated Albuquerque infill location.
    • 1994 construction offering cost savings versus new construction.
    • MX‑M (Mixed‑Use - Moderate Intensity Zone District) zoning allows for diverse redevelopment options.
    • High traffic counts and excellent visibility from a major arterial.
    • Proximity to UNM, Kirtland AFB, and Albuquerque International Sunport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walmart Business Center Computer Service Walmart House Cleaning ... House Cleaning Service Walmart Connection Center Cell Phone Store Brenda Barnett Optometrist Walmart Pet Services Pet Sitter

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.58823213358
    Latitude
    35.075590053473

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    FAQs

    What type of property is this?
    Lifestyle center - 206,278 SF Vacant Walmart
    Where is this lifestyle center located?
    The property is located at 301 San Mateo Blvd Albuquerque, NM.
    What are key features of this property?
    This property features: Rare 206,278 SF former Walmart Supercenter available for redevelopment or owner-user occupancy.; 17.6-acre site in a densely populated Albuquerque infill location.; 1994 construction offering cost savings versus new construction.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 San Mateo Blvd Albuquerque, NM 87108
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